Real Estate Abbreviations and Acronyms

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Look at any home ad and you're bound to be confused by all the letters and abbreviations. To help you "speak" real estate, here are some of the more common abbreviations and acronyms and what they stand for:

Home details:
2C-A—two-car attached garage
2C-D—two-car detached garage
AC—acres
ALARM-B—burglar alarm
ALARM-F—fire alarm
ALARM-S—smoke alarm
Appl—appliances
ASSG—assigned parking
BSMT, B—basement
BLDG SPEC—builder's spec home
BONUS—bonus room
BR—bedroom
BRK—brick
Bth, BA—bathroom
CA—central air
CLBPOOL—club pool
Dk—deck
FDR—formal dining room
FP, frpl—fireplace
Gar—garage
Grmet Kit—gourmet kitchen
HWF, HDW—hardwood floors
IG pool—in-ground pool
Ldscpd—landscaped
LP—list price
LR—living room
MLS—multiple listing service
OBO—or best offer
SFD—single-family detached home
WIC—walk-in closet
YO—years old

Transaction details:
APR—annual percentage rate
ARM—adjustable rate mortgage
CC&R—covenants, conditions and restrictions
CMA—comparative market analysis
DAP—down payment assistance program
ECOA—Equal Credit Opportunity Act
FRM—fixed-rate mortgage
GEM—growing equity mortgage
HECM—home-equity conversion mortgage
HOW—homeowner’s warranty
PITI—principal, interest, taxes, insurance
PMI—private mortgage insurance

Agent Credentials:
ABR—Accredited Buyer Representative
CBR—Certified Buyer Representative
CEBA—Certified Exclusive Buyer Agent
CRB—Certified Real Estate Brokerage Manager
CRE—Counselor of Real Estate
GRI—graduate, Realtor Institute
CRS—Certified Residential Specialist
SRES—Seniors Real Estate Specialist

Related Organizations:
ASHI—American Society of Home Inspectors
BAGI—Builders Association of Greater Indianapolis
HUD—Department of Housing and Urban Development
IAR—Indiana Association of Realtors
IHFA—Indiana Housing Finance Authority
FHA—Federal Housing Administrations
MIBOR—Metropolitan Indianapolis Board of Realtors
NAR—National Association of Realtors
PHA—Public Housing Administration

Comments

  1. Jessicca2:49 AM

    In addition to acronyms, you’ll also find abbreviations in listings that will help you determine qualities and amenities of the home.

    Upr – This stands for upper floor.

    Vw, vu, vws, vus – All of these mean that the house has a great view or views of the area.

    Pvt – This means private.

    Pwdr rm – This stands for powder room, another term for a half bath.

    Frplc, fplc, FP – These are all acronyms for fireplace.

    Gar - This is short for garage.

    Gard – Not to be confused with gar, this term means garden.

    Grmt kitchen – This stands for gourmet kitchen

    Hi Ceils – These are high ceilings, a great feature of a home for sale.

    Apartments for Sale Barcelona

    ReplyDelete
  2. Unknown4:32 AM

    Wonderful information, I had come to know about your blog from my friend nandu , hyderabad,i have
    read at least 7 posts of yours by now, and let me tell you, your website gives the best and the most
    interesting information. This is just the kind of information that i had been looking for, i'm already your
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    ton once again, Regards, Independent houses for rent in jubilee hills Hyderabad

    ReplyDelete
  3. RE/MAX Advanced Realty1:21 AM

    Thanks for sharing useful infomation on Indianapolis RE/MAX

    ReplyDelete

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